ACADIA PHARMACEUTICALS INC ACAD

Healthcare SIC 2834 - Pharmaceutical Preparations NAICS Manufacturing › Chemical Manufacturing › Pharmaceutical and Medicine Manufacturing › Pharmaceutical Preparation Manufacturing derived Nasdaq

We are a biopharmaceutical company focused on turning scientific promise into meaningful innovation that makes the difference for underserved neurological and rare disease communities around the world.

We have two core franchises in neurological and rare diseases. Our neurological disease franchise is anchored by the commercial product NUPLAZID (pimavanserin), which is the first and only drug approved by the U.S. Food and Drug Administration (FDA) for the treatment of hallucinations and delusions associated with Parkinson's disease psychosis (PDP). Our rare disease franchise is anchored by the commercial product DAYBUE, which is the first and only drug approved for the treatment of Rett syndrome. Net product sales from these two commercial products totaled $1,071.5 million for 2025, compared with $957.8 million for 2024.

Last close 19.73 2026-10-23
Market cap $3.40B 2026-06-30 share count
52-week range 18.39 - 30.96

Valuation FY2025 figures against the last close

P/S3.2x
P/E8.6x
P/FCF32.3x
EV/EBITDA32.2x
Dividend yield—
Diluted EPS2.30

Annual financial statements

Income statement

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Revenue $1.07B$957.8M$726.4M$517.2M$484.1M$441.8M$339.1M$223.8M$124.9M$17.3M
Cost of revenue $89.0M$81.8M$41.6M$10.2M$19.1M$10.2M$11.3M$12.4M$9.1M$3.1M
Gross profit $982.5M$876.0M$684.8M$507.1M$473.3M$431.5M$327.7M$211.4M$115.8M$14.3M
R&D $328.8M$303.2M$351.6M$361.6M$239.4M$319.1M$240.4M$187.2M$149.2M$99.3M
SG&A $548.9M$488.4M$406.6M$369.1M$396.0M$388.7M$325.6M$265.8M$255.1M$186.5M
Total operating expenses $966.7M$727.0M$799.8M$740.8M$654.6M$728.3M$585.6M$471.3M$417.3M$290.1M
Operating income $104.8M$230.8M-$73.4M-$223.6M-$170.4M-$286.6M-$246.5M-$247.4M-$292.4M-$272.8M
Pre-tax income $138.9M$258.1M-$51.0M-$213.4M-$167.5M-$281.0M-$234.4M-$243.9M-$288.3M-$270.1M
Income tax $252.1M$31.6M$10.2M$2.5M$351.0K$611.0K$876.0K$1.3M$1.1M$1.3M
Net income $391.0M$226.0M-$61.0M-$214.0M-$168.0M-$281.6M-$235.3M-$245.2M-$289.4M-$271.4M
EPS, basic 2.321.37-0.37-1.34-1.05-1.79————
EPS, diluted 2.301.36-0.37-1.34-1.05-1.79-1.60-1.94-2.36-2.34
Shares, diluted (wtd. avg.) 169.9M166.4M163.8M161.7M160,493157,331————

Balance sheet

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Cash and equivalents $177.7M$319.6M$188.7M$114.8M$147.4M$326.0M$189.7M$134.8M$69.4M$163.6M
Short-term investments $642.0M$436.4M$250.2M$302.0M$373.3M$305.9M$507.7M$338.8M$271.9M$365.4M
Receivables $121.5M$98.7M$98.3M$62.2M$64.4M$48.2M$35.8M$26.1M$17.3M$5.9M
Inventory $111.4M$91.7M$40.4M$11.6M$14.1M$9.7M$6.3M$4.1M$5.2M$4.2M
Total current assets $1.06B$938.3M$616.1M$507.9M$617.8M$717.6M$760.2M$526.1M$373.5M$547.9M
Property, plant and equipment $7.5M$4.2M$4.6M$6.0M$8.0M$9.2M$3.2M$3.3M$2.7M$3.1M
Other intangibles $108.9M$119.8M$65.5M$0$0$1.1M$2.6M$4.1M$5.5M$7.0M
Total assets $1.56B$1.19B$749.0M$587.8M$700.1M$782.6M$783.2M$540.2M$384.5M$561.2M
Accounts payable $10.9M$16.2M$17.5M$12.7M$6.9M$8.5M$7.2M$3.2M$8.8M$3.9M
Total current liabilities $277.1M$394.9M$254.3M$125.6M$96.1M$106.0M$74.8M$59.6M$49.0M$42.6M
Total liabilities $336.8M$455.0M$317.2M$187.4M$159.2M$155.6M$84.0M$61.1M$49.2M$42.7M
Retained earnings -$1.81B-$2.20B-$2.43B-$2.37B-$2.15B-$1.99B-$1.70B-$1.47B-$1.22B-$934.0M
Total equity $1.23B$732.8M$431.8M$400.4M$540.9M$627.0M$699.1M$479.1M$335.3M$518.4M

Cash flow

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Operating cash flow $109.8M$157.7M$16.7M-$114.0M-$125.7M-$136.2M-$151.1M-$167.5M-$217.8M-$208.4M
Depreciation and amortisation $871.0K$920.0K$1.5M$2.0M$2.2M$1.5M$1.3M$1.5M$1.2M$843.0K
Stock-based compensation $52.1M$67.0M$66.4M$68.2M$63.6M$84.4M$82.3M$81.6M$75.5M$55.3M
Capital expenditure $4.7M$523.0K$50.0K$0$1.1M$7.6M$1.1M$2.1M$812.0K$1.5M
Investing cash flow -$302.6M-$30.5M$32.0M$73.2M-$71.1M$192.5M-$165.8M-$71.5M$92.5M-$261.9M
Financing cash flow $49.9M$6.8M$25.1M$8.2M$18.2M$81.0M$371.8M$306.6M$31.2M$533.8M

Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001193125-26-174163.

Plot the figures US dollars

Income statement Revenue Cost of revenue Gross profit R&D SG&A Total operating expenses Operating income Interest expense Pre-tax income Income tax Net income EPS, basic EPS, diluted Shares, diluted (wtd. avg.)
Balance sheet Cash and equivalents Short-term investments Receivables Inventory Total current assets Property, plant and equipment Goodwill Other intangibles Total assets Accounts payable Short-term debt Total current liabilities Long-term debt Total liabilities Retained earnings Total equity
Cash flow Operating cash flow Depreciation and amortisation Stock-based compensation Capital expenditure Investing cash flow Financing cash flow Dividends paid Buybacks
  • Revenue
  • Gross profit
  • Net income
Revenue, Gross profit, Net income by fiscal year, in US dollars The same figures are in the table below this chart. -500M 0 500M 1B 1.5B Revenue, FY2016: 17.3M Gross profit, FY2016: 14.3M Net income, FY2016: -271.4M Revenue, FY2017: 124.9M Gross profit, FY2017: 115.8M Net income, FY2017: -289.4M Revenue, FY2018: 223.8M Gross profit, FY2018: 211.4M Net income, FY2018: -245.2M Revenue, FY2019: 339.1M Gross profit, FY2019: 327.7M Net income, FY2019: -235.3M Revenue, FY2020: 441.8M Gross profit, FY2020: 431.5M Net income, FY2020: -281.6M Revenue, FY2021: 484.1M Gross profit, FY2021: 473.3M Net income, FY2021: -168M Revenue, FY2022: 517.2M Gross profit, FY2022: 507.1M Net income, FY2022: -214M Revenue, FY2023: 726.4M Gross profit, FY2023: 684.8M Net income, FY2023: -61M Revenue, FY2024: 957.8M Gross profit, FY2024: 876M Net income, FY2024: 226M Revenue, FY2025: 1.1B Gross profit, FY2025: 982.5M Net income, FY2025: 391M FY2016 FY2017 FY2018 FY2019 FY2020 FY2021 FY2022 FY2023 FY2024 FY2025
Fiscal year FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue $17.3M $124.9M $223.8M $339.1M $441.8M $484.1M $517.2M $726.4M $957.8M $1.07B
Gross profit $14.3M $115.8M $211.4M $327.7M $431.5M $473.3M $507.1M $684.8M $876.0M $982.5M
Net income -$271.4M -$289.4M -$245.2M -$235.3M -$281.6M -$168.0M -$214.0M -$61.0M $226.0M $391.0M

Recent filings and events

  • Results announced The quarterly or annual earnings release. Arrives four times a year from almost every company here. Item 2.02
  • Officer or director change Someone at the top arrived or left. The item covers everything from a board retirement to a chief executive being removed, and only the filing itself says which. Item 5.02
  • Shareholder vote The results of the annual meeting or a special vote. Item 5.07
  • Results announced Item 2.02
  • Officer or director change Item 5.02
  • Regulation FD disclosure Something the company told the market and had to tell everyone at once - usually a slide deck or a press release. Item 7.01
  • Officer or director change Item 5.02
  • Annual report filed A new 10-K. The figures and the business description on this site come from it. Form 10-K
  • Results announced Item 2.02
  • Results announced Item 2.02
  • Regulation FD disclosure Item 7.01
  • Results announced Item 2.02

Item numbers are Form 8-K's own, and a filing date is up to four business days after the thing it reports. The same feed across the whole market.

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